The UK market suffered a blow as Just Eat Takeaway announced its decision to delist from the London Stock Exchange.

• Just Eat Takeaway, an Anglo-Dutch food delivery firm, announced its intention to delist from the London Stock Exchange after reviewing optimal listing venues.
• That would make Amsterdam Just Eat Takeaway's sole trading venue.
• The last day of trading of Just Eat Takeaway's shares on the LSE will be Dec. 24.

The London Stock Exchange will lose a high-growth tech firm next month, dealing a blow to the U.K.'s efforts to attract more tech companies to its stock market.

The Anglo-Dutch food delivery firm announced on Wednesday that it plans to delist from London's stock exchange and make Amsterdam's Just Eat Takeaway.com its sole trading venue after reviewing optimal listing venues.

Just Eat Takeaway decided to delist its shares from the LSE to reduce administrative burden, complexity, and costs associated with maintaining the LSE listing, given low liquidity and trading volumes.

Just Eat Takeaway shares slipped 1.5% following the delisting announcement.

The LSE and the Financial Conduct Authority, the U.K.'s markets watchdog, have been requested to cancel its listing so that it can remain primarily listed on the Amsterdam exchange.

The delisting of Just Eat Takeaway's shares on the LSE will take effect from 8 a.m. London time on Dec. 27, with Dec. 24 being the last day of trading.

This month, Just Eat Takeaway.com announced the sale of its GrubHub arm to Wonder, an online takeout startup based in New York, for $650 million. This represents a significant discount compared to the $7.3 billion the company paid for the U.S. food delivery app.